positive price-income association is attributable, at least partly, to the Balassa-Samuelson productivity differential effect …

Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …

This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize … the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate … have a positive or negative impact on productivity growth? The first step in answering this question is to discuss …

across countries and sectors. On the other hand, opening to trade boosts individual firms’ productivity growth, via a number … of channels, and also enhances allocative efficiency across firms, in turn increasing aggregate productivity growth. One …

on average firm-level productivity growth across regions into these channels. We then structurally estimate the model and … growth of firm-level productivity and cash-ow and higher export entry rates. We find negative average effects for firms in …

-constraints and the profitability of engaging in innovation (R&D). We decompose the effects of RER changes on productivity growth …